Waterfront Residential Income
New
For Sale
$299,900
1435 4TH STREET SW Unit B310, Washington, DC 20024
Open-plan unit with a private balcony, Washington Channel views, updated bath, and access to full-service community amenities.
Property Size970 SF
Days on Market5
Property Features for 1435 4TH STREET SW Unit B310
General Information
Standard status
Active
Size
970 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,409
Amenities
outdoor swimming pool
24-hour concierge
riverfront promenade
Building Details
Building Size
970 SF
Year Built
1965
Listing Agency:
Serhant
Listed By:
Barak Sky · License #SP600552
(301) 742-5759
Source:
Kwcapitalproperties
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 14 at 8:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant
Investment Insights
Based on property information with market context.
Unit B310 at Riverside is a light-filled waterfront residence with expansive glass, wood parquet flooring, and an open interior that accommodates distinct living, dining, entertaining, and sleeping areas. The former one-bedroom configuration was opened up by removing the bedroom wall and can be restored for a more traditional layout. A full-height cabinetry wall and extensive closet space provide storage, while the kitchen includes granite countertops and substantial cabinetry. The updated bathroom features a glass-enclosed walk-in shower.
The private balcony was recently renovated by the community and overlooks the Washington Channel, mature trees, and the riverfront promenade. Riverside provides an outdoor swimming pool and 24-hour concierge service. The Wharf, Nationals Park, Audi Field, Metro, Safeway, waterfront dining, restaurants, bars, shopping, and entertainment are all within approximately a mile. The building dates to 1965.
The private balcony was recently renovated by the community and overlooks the Washington Channel, mature trees, and the riverfront promenade. Riverside provides an outdoor swimming pool and 24-hour concierge service. The Wharf, Nationals Park, Audi Field, Metro, Safeway, waterfront dining, restaurants, bars, shopping, and entertainment are all within approximately a mile. The building dates to 1965.
Key Highlights
- Direct Washington Channel views from the residence and private balcony
- Recently renovated private balcony with views of mature trees and the riverfront promenade
- Open floor plan with the option to recreate the original one‑bedroom configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,117
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,340
$322.3K
Cap Rate 7%
$230,243
$230.2K
Cap Rate 9%
$179,078
$179.1K
Market Conditions
NOI Build-Up for 970 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.8K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$29.3K $30.21/SF
− OpEx
−$13.2K −$13.59/SF
NOI
$16.1K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,340
Cap Rate 7%
$230,243
Cap Rate 9%
$179,078
Alternative Uses
Best Use
Apartment 5plus
$230.2K
$201.5K – $268.6K
NOI $16,117 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.9K
$436.6K – $582.1K
NOI $34,926 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan unit with a private balcony, Washington Channel views, updated bath, and access to full-service community amenities.
Where is this residential income property located?
The property is located at 1435 4TH STREET SW Unit B310 Washington, DC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Direct Washington Channel views from the residence and private balcony; Recently renovated private balcony with views of mature trees and the riverfront promenade; Open floor plan with the option to recreate the original one‑bedroom configuration
